Daily Archives: December 21, 2015

Georgian chess player Nino Batsiashvili beat World’s number one chess player Magnus Carlsen with a draw, at Qatar Masters Open 2015. Sven Magnus Øen Carlsen is a Norwegian chess grandmaster, No. 1 ranked player in the world and reigning World Chess Champion in classical and rapid. His peak rating is …

International news agency euronews.com names Tbilisi tree as an unusual Christmas trees in the world. Christmas tree located at Freedom Square is listed among world’s 6 unusual trees. An illumination resembling a Christmas tree set at the monument to St. George at the Freedom Square in the capital of Georgia. The …

Prime Minister of Georgia announces several important events scheduled for 2016. Next year Georgia will celebrate two major events: the 850th birthday of the renowned Georgian poet Shota Rustaveli and the 25th anniversary of Georgia’s Independence, the PM said at a government session. For this purpose special state commissions will …

Deutsche Welle, Germany’s state-run international broadcaster, published an article regarding the Euro Commission’s positive report on Georgia’s visa liberalization. In its article, DW explains the intricacies of the visa-free regime and reports what documents are still needed for the entrance to the EU countries. According to the article, if Georgia …

Tbilisi, 21.12.2015- Credo and the Asian Development Bank (ADB) signed USD 23 million loan agreement on 21st of December, 2015. A four year tenor facility is aimed to finance micro, small and medium sized enterprises in rural areas of Georgia. “We are proud to establish our relationship with Credo in …

Interview with Gia and Gela Gamtkitsulashvilis, founders of Twins Wine House company – When and how did you start the business and how would you appraise those years for your business? We were born in the village of Napareuli, the Telavi District. Having graduated from a secondary school we continued …

63% of the Construction Work is Already Complete Shuakhevi HPP: Investment – 416 million USD; Installed capacity of 187 MW; Power generation starting date – 2017; Average production – 450 Gigawatt Hours (GWH). The Shuakhevi HPP construction is currently in its main phase. The project will be complete in a year …

The Market is out of Control and Harmful for Economy and Population Economic experts are giving the alarm as the quantity of organizations issuing online loans grows. They urge the Authorities to adopt the law on crediting business as soon as possible. Growth of similar organizations in quantity cannot develop …

Georgian companies have started issuing securities. The companies lobbied by Bank of Georgia are very active in this direction – M2 development company, Georgian Water and Power. Galt&Taggarts, a Bank of Georgia subsidiary, has placed bonds of the mentioned companies at the stock exchange. FINCA Bank has also issued bonds. …

Natia Kereselidze, Evergreen Businessmen Services Representative in Georgia The Dubai Market calls for Georgian small and medium business sector representatives! Evergreen Businessmen Services company has entered the Georgian market with this proposal. Naturally, the question arises about Georgia’s perspectives in a competitive market like Dubai. We will try to cast …

Pensarecasa.it – mono-brand retail shops with the idea of “furniture suitable for all” – are the part of IMAB Group family, which was found in 1968. Over the passing years a unique corporate mission has been developed and consolidated: creating a style of furniture that contributes to the welfare of …

Product export of 500 million USD has been made in the EU from Georgia through 11 months. According to Geostat the index is increased by 6% comparing to the same period of the previous year. However, the import has been 2,192 million USD through January-November, growth totals to 2%. Totally foreign trade …